A Bangladesh court has overturned the conviction of Nobel laureate Muhammad Yunus, who was previously sentenced to six months in prison for violating labor laws. Yunus, the head of the country’s interim government, was accused of failing to establish a welfare fund for employees of Grameen Telecom, a company he founded.
Recent actions by the Federal Trade Commission (FTC) and the Biden administration have brought significant changes for American workers. The FTC’s ban on noncompete agreements could allow millions of employees to pursue opportunities outside of their current employers. Additionally, the new overtime rule will make many salaried workers eligible for overtime pay, potentially benefiting millions more. While these new rules aim to enhance worker mobility and financial well-being, they face potential legal challenges and will require employers to adapt their practices.
The justices heard arguments in Starbucks’ appeal against a lower court’s ruling, which favored the U.S. National Labor Relations Board (NLRB) ordering the reinstatement of the terminated employees. The case revolves around the legal standard for issuing a preliminary injunction under the National Labor Relations Act. Starbucks argues for a stringent evaluation, contrasting with the NLRB’s stance. Some justices appeared to agree that courts, not the NLRB, should have the primary role in determining the likelihood of success in a case before issuing an injunction.
The Federal Trade Commission (FTC) has voted to ban non-compete clauses, a move that has been met with both support and skepticism. Non-compete clauses are often used by employers to prevent workers from joining competitors. The FTC’s ban, which takes effect in 120 days, is expected to face legal challenges. Around 25,000 public comments were received by the FTC, with the majority supporting the ban. FTC Chair Lina Khan stated that non-compete clauses suppress innovation, limit wage growth, and harm the economy. Business groups have vowed to challenge the rule in court. The FTC estimates that 18% of US employees are subject to non-compete clauses, with even low-wage workers being affected by the practice.
The Federal Trade Commission (FTC) voted to ban most noncompete agreements, a significant move for the U.S. workforce. The new rule prohibits companies from using noncompetes and retroactively eliminates most existing agreements. The FTC estimates that the ban could increase worker pay by $300 billion annually and lead to the creation of over 8,500 new businesses each year. Business groups are opposing the rule, and the U.S. Chamber of Commerce has promised to sue to block it.
The Federal Trade Commission (FTC) has issued a final rule banning noncompete agreements nationwide, impacting millions of American workers. The FTC’s decision, passed with a 3-2 vote, prohibits noncompetes for all but senior executives earning over $151,164 and holding policy-making positions. The agency estimates that the rule will affect approximately 18% of U.S. workers, or 30 million people. The rule is expected to increase business formation by 2.7%, resulting in an estimated 8,500 new businesses per year, and boost worker earnings by $524 annually. The FTC also claims that it will lead to an average of 17,000 to 29,000 more patents each year for the next decade.
The Federal Trade Commission (FTC) has approved a rule banning non-compete agreements, which bar workers from taking jobs with competitors. This move aims to protect workers’ rights and promote competition, but it is expected to face legal challenges. The rule will take effect in four months unless blocked by legal challenges.
The US companies will no longer be able to bar employees from taking jobs with competitors under a new rule approved by the Federal Trade Commission (FTC). The move is sure to be met with legal challenges, but the FTC argues that the ban is necessary to protect workers and promote competition. Noncompete agreements, which prevent workers from jumping to or starting competing companies for a prescribed period, currently affect about 30 million people in the US. The Biden administration has been targeting noncompete measures, which have become increasingly common in recent years, even among lower-paid workers. The FTC maintains that these agreements harm workers by reducing their ability to switch jobs for higher pay and disadvantage workers not covered by them as fewer jobs become available. The rule, which will take effect in six months, has been met with criticism from business groups, who argue that the FTC lacks the authority to take such a broad step.
The Supreme Court heard arguments in a case involving Starbucks and its alleged unfair labor practices toward seven employees who were fired during a unionization effort. The justices considered whether to apply a more stringent test when evaluating requests for injunctions to reinstate employees while the National Labor Relations Board (NLRB) investigates complaints. Lower courts have used different legal standards, and Starbucks argued for a stricter approach. Conservative justices appeared receptive to Starbucks’ position, while liberal justices expressed some concerns about granting the NLRB more deference.
The Supreme Court will hear a case brought by Starbucks Corporation challenging the National Labor Relations Board’s (NLRB) authority to obtain temporary injunctions to reinstate fired union organizers. The outcome of the case could have significant implications for the ability of labor unions to organize workers and enforce their rights under federal law.
